Oil and Gas : Markets Trading Pricing & Economic Framework

A complete understanding of the physical and financial markets for crude oil and petroleum products.
Dear student,
Welcome to this online course on Oil & Gas.
This training course is designed to provide you with a complete understanding of the physical and financial markets for crude oil and petroleum products.
It is geared towards all personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms.
The course uses up-to-date global statistics and is organized into 3 parts:PART 1: CRUDE & PETROLEUM PRODUCTS PHYSICAL TRADINGWhat is the value of a crude oil ?
Different types of contracts :
Long term
Spot
Forward
Main oil markets and their features
Key benchmark crudes
The role of the Price Reporting Agencies (PRAs)
Links between Trading and Shipping
Products trading
Main provisions of a sale/purchase contractPART 2: EXCHANGES & FUTURES TRADINGThe concept of volatility
Definition of contract for crude oil and petroleum products
Exchanges and their organization :
NYMEX
ICE
Main Futures Markets
Hedging principles
Hedging imperfections and associated risks
Market structure
Contango
BackwardationPART 3: DERIVATIVESOptions : principles, basics and characteristics
Interests and limits of options
Swaps : principles, basics and characteristics
Interests and limits of swapsBy the end of this training course, you will be able to:Review the different oil trading markets by type of transaction
Summarize the operation of the physical and financial oil markets
Review the different types of contracts: long term, spot and forward
Understand how crude oil and petroleum products are traded
Understand the pricing mechanism of crude oil and petroleum products
Analyze the parameters which influence prices of crude oil and prices of petroleum products
Review the different exchanges and their organization: the cases of NYMEX and ICE